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Bold Ventures Announces Closing of Its Fully Subscribed, Upsized Non-Brokered Private Placement
Toronto, Ontario--(Newsfile Corp. - June 24, 2025) - Bold Ventures Inc. (TSXV: BOL)  (the "...
About this update from Bold Ventures Inc.
[{"type":"text","content":"Bold Ventures Announces Closing of Its Fully Subscribed, Upsized Non-Brokered Private PlacementToronto, Ontario--(Newsfile Corp. - June 24, 2025) - Bold Ventures Inc. (TSXV: BOL) (the \"Company\" or \"Bold\") is pleased to announce the fourth and final closing of its non-brokered private placement offering first announced on April 11th and increased on May 26th and June 5th, of up to 9,000,000 working capital units (the \"WC Units\") of the Company at a price of $0.05 per WC Unit for up to $450,000, and up to 10,314,666 Flow Through Units (the \"FT Units\") at a price of $0.06 per FT Unit for up to $618,900, both of which constitute the \"Offering\". The Offering was fully subscribed for gross proceeds of $1,068,900. The Company closed the fourth and final tranche of the Offering on June 23, 2025, with subscriptions for 2,283,333 FT Units for gross proceeds of $137,000 and 3,000,000 WC Units for gross proceeds of $150,000.For the fourth tranche the Company paid cash finder's fees of $5,250 and issued 105,000 compensation warrants (the \"Compensation Warrants\") to an eligible finder. Each Compensation Warrant entitles the holder to acquire one common share of the Company at $0.08 until December 23, 2026.The securities issued in the third tranche are subject to a hold period expiring on October 24, 2025.The OfferingEach WC Unit comprises one (1) common share of the Company priced at $0.05 and one full common share purchase warrant (a \"WC Warrant\") entitling the holder to acquire one (1) common share at a price of $0.06 until two years (24 months) following the closing of the Offering. The proceeds from the WC Units will be used for general working capital, property maintenance, exploration and expenses of the offering. Each FT Unit comprises one common share of the Company priced at $0.06 and one half (1/2) of a common share purchase warrant. One full common share purchase warrant (a \"FT Warrant\") and $0.08 will acquire an additional common share until eighteen (18) months following the closing of the Offering. The proceeds from the sale of the FT Units will be used for exploration work that qualifies for Canadian Exploration Expenses (CEE). Ring of Fire NewsThe Company would also like to draw attention to developments in the Ring of Fire, Ontario. Webequie First Nation has released a draft environmental assessment (EA) ...